© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

TEST FROM BOC, PLEASE IGNORE

MNI: Quarter Of Emerging Economies Cut Off From Bond Market

MNI China Daily Summary: Tuesday, June 6

EZ/UK Bond Supply Calendar: UK & DE to issue, ES, FR, LT Synds

EZ/UK T-Bill Calendar: Greece & EU to issue Wednesday

BoC Data Watch

MNI: Trade Growth Sustained Through U.S.-China Fight, IMF Says

MNI BRIEF: Trudeau Blames NIMBYs For National Housing Squeeze

(RPT)MNI INTERVIEW: Fed Needs Better QE Guardrails-Fed Adviser

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
Trending Top 5
Market News Topics

Gold Boosted By Post-FOMC Dollar Slide

COMMODITIES
Metals bulletEM BulletFixed Income NewsHomepageCommoditiesEnergy BulletsBulletMarketsEmerging Markets NewsForeign Exchange News
  • Crude oil has pushed higher today for the third session running, although most recently has unwound a small further boost on a bullish reaction for risk sentiment to the FOMC decision to hike 25bps and Chair Powell’s press conference.
  • Earlier, EIA oil inventories surprisingly rose 1.1m bbls last week vs expectations of a drawdown, although it was smaller than the API’s survey released just a day earlier.
  • WTI is +1.2% at $70.50, clearing resistance at $69.83 (Mar 17 high) to open $72.71 (Mar 15 high). Under more limited volumes, most active options strikes in the CLK3 have been $75/bbl calls.
  • Brent is +1.3% at $76.32, clearing resistance at $75.92 (Mar 17 high) to open $78.84 (Feb 6 low).
  • Gold is +1.2% at $1963.66 as the dollar slides and Treasury yields fall. It’s off a session high of $1978.49 touched mid Powell press conference whilst resistance remains at $2009.7 (Mar 20 high) after its recent run of strength.
156 words

To read the full story

Why Subscribe to

MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
  • Crude oil has pushed higher today for the third session running, although most recently has unwound a small further boost on a bullish reaction for risk sentiment to the FOMC decision to hike 25bps and Chair Powell’s press conference.
  • Earlier, EIA oil inventories surprisingly rose 1.1m bbls last week vs expectations of a drawdown, although it was smaller than the API’s survey released just a day earlier.
  • WTI is +1.2% at $70.50, clearing resistance at $69.83 (Mar 17 high) to open $72.71 (Mar 15 high). Under more limited volumes, most active options strikes in the CLK3 have been $75/bbl calls.
  • Brent is +1.3% at $76.32, clearing resistance at $75.92 (Mar 17 high) to open $78.84 (Feb 6 low).
  • Gold is +1.2% at $1963.66 as the dollar slides and Treasury yields fall. It’s off a session high of $1978.49 touched mid Powell press conference whilst resistance remains at $2009.7 (Mar 20 high) after its recent run of strength.